Churchill Downs to repay debt under revolver

By Taylor Fox

New York, March 10 – Churchill Downs Inc. plans to repay debt outstanding under its revolving credit facility using proceeds from its offering of $200 million senior notes due 2028, according to a news release.

The repayment includes debt incurred in connection with the notes offering.

The proceeds will also be used to fund related transaction fees and expenses and for working capital and other general corporate purposes.

Churchill Downs is a Louisville, Ky.-based racing, online wagering and gaming entertainment company.

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